Problem 11 3A The stockholders equity accounts of Castle Corporation on January 1, 2017, were as follows Preferred Stock (8 , $48 par, cumulative, 10,500 shares authorized) $ 408,000 Common Stock ($1 stated value, 1,950,000 shares authorized) 1,100,000 Paid in Capital in Excess of ParPreferred Stock 125,000 Paid in Capital in Excess of Stated ValueCommon Stock 1,400,000 Retained Earnings 1,850,000 Treasury Stock (11,000 common shares) 44,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders equity Feb 1 Issued 25,500 shares of common stock for $120,000 Apr 14 Sold 6,000 shares of treasury stockcommon for $32,600 Sept 3 Issued 4,800 shares of common stock for a patent valued at $35,700 Nov 10 Purchased 1,100 shares of common stock for the treasury at a cost of $5,900 Dec 31 Determined that net income for the year was $450,000 No dividends were declared during the year I am stuck on labeling the second part where it says Enter the beginning balances in the accounts, and post the journal entries to the stockholders equity accounts (Post entries in the order of journal entries presented in the previous part )

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Problem 11-3A The stockholders equity accounts of Castle Corporation on January 1, 2017, were as follows. Preferred Stock (8%, $48 par, cumulative, 10,500 shares authorized)

Problem 11-3A

The stockholders equity accounts of Castle Corporation on January 1, 2017, were as follows.

Preferred Stock (8%, $48 par, cumulative, 10,500 shares authorized)		$ 408,000
Common Stock ($1 stated value, 1,950,000 shares authorized)		1,100,000
Paid-in Capital in Excess of ParPreferred Stock		125,000
Paid-in Capital in Excess of Stated ValueCommon Stock		1,400,000
Retained Earnings		1,850,000
Treasury Stock (11,000 common shares)		44,000

During 2017, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1	Issued 25,500 shares of common stock for $120,000.
Apr.	14	Sold 6,000 shares of treasury stockcommon for $32,600.
Sept.	3	Issued 4,800 shares of common stock for a patent valued at $35,700.
Nov.	10	Purchased 1,100 shares of common stock for the treasury at a cost of $5,900.
Dec.	31	Determined that net income for the year was $450,000.

No dividends were declared during the year.

I am stuck on labeling the second part where it says Enter the beginning balances in the accounts, and post the journal entries to the stockholders equity accounts. (Post entries in the order of journal entries presented in the previous part.)